EU seeks comments on MiCA 2.0, focusing on stablecoin and DeFi regulation

2026-06-21 by admin

Coinbase Policy Director Katie Harries stated that MiCA sets an early global benchmark for EU digital asset regulation, and revisions should optimize euro stablecoin reserve rules and allow non-interest incentives. Notabene Compliance Director Catarina Veloso noted that if stablecoins are positioned as payment infrastructure, redemption, liquidity, and reserve management will become core regulatory concerns. The industry also calls for clear criteria for determining DeFi decentralization to balance innovation and compliance.

According to DeepFlow TechFlow News, on June 20, Cointelegraph reported that the European Commission launched a consultation on the MiCA 2.0 framework in May, focusing on under-covered areas such as stablecoins, DeFi, and prediction markets. Submissions are due by August 31, but the full legislative process is expected to continue until 2028.Coinbase Policy Director Katie Harries stated that MiCA sets an early global benchmark for EU digital asset regulation, and revisions should optimize euro stablecoin reserve rules and allow non-interest incentives. Notabene Compliance Director Catarina Veloso noted that if stablecoins are positioned as payment infrastructure, redemption, liquidity, and reserve management will become core regulatory concerns. The industry also calls for clear criteria for determining DeFi decentralization to balance innovation and compliance.

PANews, June 20 — Cross-chain protocol Axelar Network issued a statement regarding a recent security incident, clarifying that there are misunderstandings within the community. The Axelar Network itself and the IBC protocol were not attacked or compromised, and the affected token smart contract was not developed, deployed, or maintained by Axelar Network. The exploited contract is a forked version based on the CW20-ICS20 implementation, but the developer removed two core security checks, resulting in an “infinite minting” vulnerability. By deleting the verification mechanisms originally designed to prevent such issues, the fork altered the contract’s original trust model and did not undergo a new security audit. Axelar Network further explained that anyone can deploy contracts for cross-chain asset wrapping via IBC, and similar contracts are also used to wrap tokens from other chains onto Secret Network. This incident is not a unique logic flaw, nor is it a problem with the IBC protocol itself, but rather a security risk introduced by modifications to a third-party contract.